Robert Narchi

North Hills CA Residential Income for Sale

We are pleased to announce the sale of 15216 Nordhoff Street, a 19-unit multifamily property located on a major thoroughfare in the North-Central San Fernando Valley. Due to its 1985 construction, the property is not subject to Los Angeles rent control, providing an investor the opportunity to more immediately capitalize on surging rents in the Valley submarket.With a desirable unit mix, including 11 two bedroom units and 8 one bedroom units, the property provides an investor the opportunity to tap into the strong rental demographics of North Hills, where vacancy rates currently sit at approximately 2.8%. This historically low vacancy rate coupled with the dense existing renter pool within this infill market has helped effective rents to climb 5.5% year-over-year through the second quarter of 2018.All units include their own individual water heater, helping to limit the owner's utility expense, while several units have their own balcony.

Valley Village CA Residential Income for Sale

We are pleased to present another new construction four-unit property. This offering consists of two huge standalone duplexes, with each of the 3 Bed 2.5 Bath units averaging 1,428 sf. of living space, and two parking spaces. 

As is with all of our properties, 4924 Laurel Canyon is a warrantied and Green Certified building offering the investor a trouble free and low maintenance investment. The tenants will enjoy private and spacious living in townhome style units with only one common wall, private laundry rooms in each unit, and motorized security gated parking accessed by the back alley. All kitchen and laundry appliances are provided with the sale. All units are separately metered for electricity, water, and gas. The common areas utilize a landlord’s fifth water and power meter servicing water-efficient landscape and LED exterior lighting. 

4924 Laurel Canyon is located just North of Riverside Drive in the heart of Valley Village, only a block walk from Starsbucks and Gelsons Market. With the central location tenants are only minutes from Studio City, Noho Arts District, and the 101, 170 and 134 freeways. 

This property is now complete with C of O in hand and all units marketed for lease. Please feel free to reach out to us with any questions regarding this opportunity.

Northridge CA Land for Sale

We are pleased to present 9959 N Lindley Ave and 18130 W Vintage St located in Northridge, CA. This investment opportunity consists of two contiguous lots that total 38,188 SF of vacant land. Parcel B (9959 N Lindley Ave) totals 17,552 SF and Parcel C (18130 W Vintage St) totals 20,636 SF.With a student population of nearly 40,000 and a faculty and staff of over 4,000, California State University Northridge (CSUN) is a thriving intellectual and cultural hub not just for Northridge, but the entire San Fernando Valley. This attractive investment presents flexibility and an excellent opportunity for an investor to capitalize on rental upside in a densely populated, affluent area that continues to experience rapid rent growth. This property offers a sophisticated investor many unique opportunities to develop a prime piece of residential land just a few blocks north of CSUN.

Los Angeles CA Residential Income for Sale

We are pleased to present this 20 unit offering in the Mar Vista neighborhood of the Westside of Los Angeles. This unique offering consists of (1) Bachelor, (1) Studio, (16) 1 Bedroom / 1 Bath units, (1) 2 Bedroom / 1 Bath, and (1) 2 Bedroom / 2 Bath units. This two building offering sits on a 13,838 sq-ft lot zoned LAR3 and features enclosed garages, private balconies/patios, and a beautifully landscaped courtyard. The buildings' interiors have been well maintained with large units, which coupled with the excellent Westside location, offer an investor the opportunity to capture top of the market rents in the area.

Santa Monica CA Home for Sale

This charming home is located in the heart of the stunning Sunset Park neighborhood close to amazing schools, the beach, and all the attractions Santa Monica has to offer. The quaint residence boasts 2,000 square feet of family-friendly living space on a large 5,922 square foot lot. This home has provided decades of memories for the current resident and is ready for the next owner to give it a well-deserved makeover. The attractive three (3) bedroom, two (2) bathroom layout is perfect for an owner that is ready to bring an old-fashioned home to the modern era with some finishing touches and TLC.

Los Angeles CA Residential Income for Sale

Marcus & Millichap is pleased to present a 7 Unit Offering in one of the best Hollywood Locations surrounded by multi-million dollar homes, new developments, shops, dining, and entertainment. The subject property was built in 1924 and features (3) 2 Bedroom / 1 Baths and (4) 1 Bedroom / 1 Bath. The Seller will deliver this Offering with RTI plans for an additional Studio unit that would add massive upside in rental potential and lower cost basis metrics. A future investor can also confirm the ability to add another ADU, which may potentially bring the total unit count to 9 Units. The interior of the units have unique character and have been very well maintained. The units that have been renovated have excellent finishes making them competitive with newer construction units in the area. The building offers additional income from parking and garages that are currently leased as store units.

Los Angeles CA Residential Income for Sale

1245 & 1247 E40th Pl is a charming five unit apartment building in the heart of South Los Angeles. The property is comprised of two structures, including a 3 bedroom 1 bath front house and four 2 bedroom 1 bath apartment units. The current owner has upgraded each of the five units to the highest standard by adding hardwood floors to the 2 bedroom units, new kitchen cabinets, counter tops, and recessed lighting. Two of the units offer washer and dryer hookups. Other features include custom stone and tile placements in the kitchens, bathrooms, and breakfast nooks. Three (3) of the units house section 8 tenants, providing extremely reliable rate rental collections. The property is conveniently located just a short drive to the 10 and 110 freeways allowing tenants access to all of the major employment hubs in Los Angeles including the University of Southern California and Downtown Los Angeles nearby . Tenants benefit from a walk score of 76 allowing most errands to be performed by foot.

Los Angeles CA Residential Income for Sale

4434 Lowell Ave (the "Property") is a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles's most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region's trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.

Los Angeles CA Residential Income for Sale

We're is delighted to showcase 5433 Abbott Place, a beautifully maintained bungalow court complex in the vibrant neighborhood of Highland Park. Constructed in 1926 in the classic Spanish Colonial Revival architectural style, the property spans an 18,886-square-foot parcel, which has been extensively renovated yet retains its original charm. Tucked away at the end of a cul-de-sac and surrounded by mostly single-family homes, the property offers a setting that feels both private and communal. The building features an appealing unit mix of 18 one-bedroom, one-bath units, which have been thoughtfully upgraded to create modern and welcoming rental spaces. Some of the interior enhancements include recessed LED lighting, porcelain stone tile baths, stainless steel appliances, custom cabinets, quartz countertops, and hardwood floors. The current ownership has extensively renovated the building, with upgraded electrical (approved 200 Amp service with 19 subpanels permitted in 2006) and upgraded plumbing, new furnaces and wall heaters (all permitted since 2019), and a voluntary seismic retrofit, resulting in a truly turn-key investment. A new owner can immediately benefit from strong existing cash flow, with the potential for approximately 22% in rental upside as units turn over and rents increase. Rental demand for this property is extremely strong. Tenants enjoy living in one of the most dynamic neighborhoods in all of Los Angeles, which continues to gentrify. The property is less than a mile from York Blvd and Figueroa Street, the two main thoroughfares in the submarket, teeming with trendy restaurants, lively bars, cafes, and unique retailers. The Gold Line Metro Station is also within walking distance, allowing residents to commute to major employment hubs in Los Angeles and the San Gabriel Valley without a car. Additionally, the property is just a short drive from the 110 freeway, providing direct access to nearby Pasadena and Downtown Los Angeles.

Burbank CA Residential Income for Sale

Culver City CA Residential Income for Sale

Marcus & Millichap is proud to present a rare investment opportunity in the highly sought-after Culver City market. This 28-unit apartment building is located at 4620 S Slauson Ave, Los Angeles, CA 90230, in a convenient location near Downtown Culver City and the 405 freeway. The building, built in 1988, features 14 one-bedroom units and 14 two-bedroom units, making it an ideal option for a variety of tenants. The units are fully renovated and feature modern finishes, including built-in G.E./ Hotpoint electric appliances, quartz countertops, upgraded flooring, and central air conditioning and heat with a Nest thermostat. The 2-bedrooms conveniently feature a washer & dryer in each unit. The building also includes an on-site manager, a laundry room, 30 covered parking spaces, and additional storage options. With a rentable SF of 20,043 and a lot size of 22,525 SF, this stabilized apartment building presents an excellent opportunity for investors to acquire a stabilized property with consistent cash flow and predictable appreciation.The Culver City market offers an appealing mix of urban energy and neighborhood charm, making it an ideal place to live. Its central location in Los Angeles provides easy access to major job hubs, beaches, and cultural landmarks, while the city itself boasts a walkable downtown with top-notch dining, shopping, and entertainment options. Known as the historic home of major film studios, including Sony Pictures, the area blends old Hollywood charm with modern vibrancy. Its thriving arts district features contemporary galleries, theaters, and creative spaces, while the downtown area is packed with trendy restaurants, craft breweries, and boutique shops. Located in the heart of downtown Culver City, the Culver City Farmers Market is a vibrant, weekly gathering that showcases fresh, locally grown produce, artisanal goods, and a diverse array of prepared foods. It brings together farmers, food vendors, and the community every week. Culver City's walkable streets, lively energy, and community-focused events make it a standout destination in LA.

Burbank CA Residential Income for Sale

612 N 6th Street is an eight unit multifamily property, constructed in 1988 on a 6,769 square foot R4 lot, with a total building size of 9,053 square feet. The property is a beautifully maintained, neatly landscaped, three-story property with controlled access, is separately metered for gas and electric, and offers copper plumbing, a freshly coated roof, two storage rooms, an enclosed trash area, fire sprinklers in the common area, a fire alarm system, and 15 covered parking spaces in two separate remote-controlled gated parking areas. The property is being offered for sale for the first time since its construction almost three decades ago, and boasts an excellent unit mix of three one-bedroom/one-bathroom units, three two-bedroom/two-bathroom units, and two three-bedroom/two-bathroom units. The spacious units offer individual water heaters, laminate and tile flooring, a gas stove, dishwasher, in-unit washer & dryer, central air and heat, and balconies in the two front-facing 3B units.

Van Nuys CA Residential Income for Sale

An opportunity to purchase a brand new exquisite 10 unit multi-family community with 16 gated subterranean parking spaces in Van Nuys. This property is walking distance to the Orange Line Transit Station and Van Nuys Boulevard home to shops, restaurants and employment centers that include numerous government agencies.Completed in December of 2015 this multi-family community is appointed with stone facing, two tone paint, beautiful hard wood floors, plush counter tops, elegant tiled kitchens and bathrooms including the showers, walk in closets, private balconies, washer and dryer in each unit, dish washer, individual on demand hot water heaters, outdoor common area, recreation room, views of the Verdugo Mountains and separate meters for water, sewer, gas and electric.

Los Angeles CA Residential Income for Sale

Strong unit mix: (5) one bed/one bath, (3) two bed/two bath, (1) two bed/two bath Townhouse. Great investment opportunity! Good potential upside to current rents. Location with great access to the Westside! Laundry onsite, gated semi-subterranean parking, fireplaces in units. Owner's unit (No. 1) corner Townhouse. Buyer to cooperate with Seller's 1031 Exchange.

Los Angeles CA Residential Lease